Wireless

Verizon to Cut 500 Jobs, Sell 274 Stores

The company reports second quarter results July 24

Jake Neenan

Jul 16, 2026 — 2 min read

Photo of a Verizon store in New York in 2021 by Mark Lennihan/AP

WASHINGTON, July 16, 2026 – Verizon is set to lay off about 500 corporate employees, a spokesperson said Thursday.

It’s the carrier’s latest round of layoffs under CEO Dan Schulman, after cutting a largest-ever 13,000 jobs last year and hundreds more in May. Barron’s reported Tuesday that the company was planning to announce a new round of layoffs this week.

Learn about the 3-Part Preview of America250 / Telecom150, a Broadband Breakfast conference on October 1, 2026

America250 / Telecom150

Learn about "Broadband and AI in the Next Congress" at the National Press Club on December 1, 2026

Broadband & AI in the Next Congress

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Wireless Verizon Dan Schulman

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